Avantor (AVTR) Shares Hit Hard by Poor Q2 Earnings

Reported 1 day ago

Avantor, Inc. (NYSE: AVTR) saw a significant drop in shares, falling 15.48% to $11.36, largely due to disappointing second-quarter earnings where net income decreased by 30% to $64.7 million. The company experienced a 1% decline in net sales, influenced by challenges from a recent merger and overall market pessimism. Additionally, Avantor is set to appoint Emmanuel Ligner as its new CEO, succeeding Michael Stubblefield.

Source: YAHOO

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